IMHO you will need to wait for readers with A4 displays and open OS to hit the market. And then it will be wise to choose the simplest and cheapest one, since you will find all “New and Advanced” capabilities not working properly anyway.
I bought iRex iLiad 2nd ed a few years ago hoping to take easier advantage of the free 100GB+ collection electronic textbooks (KOLXO3 library). After 2-3 month of original joy over eInk display being nice on my eyes I had to switch back to laptop to navigate and search through my textbooks.
So far eReaders are only suited for "vacational reading" when you just turn the pages forward. While pictures could be resized without much loss, diagrams or tables are simply too painfull to read on a small screen.
And for plain-texted books I read now, even a simple Sony Reader 300 is sufficient. I switched to it after an official OS update bricked my iRex conflicting with 3-rd party software that worked fine before update.
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